Data/hora: 10/06/2024 10:09:09

Provedor de dados: 	31	
País: 	United States	
Título: 	Measuring Volatility in Dairy Commodity Prices	
Autores: 	O'Connor,   Declan; Keane,   Michael; Barnes,   Edel.	
Data: 	2010-02-18	
Ano: 	2009	
Palavras-chave: 	Price Volatility; ARMA; GARCH; Butter; SMP; Dairy Policy; Agricultural and Food Policy; Food Consumption/Nutrition/Food Safety.	
Resumo: 	The policy environment facing the EU dairy industry continues to undergo considerable change under WTO and CAP reform. Movement away from supply management by the EU and a more liberal global agricultural trading system will involve greater price volatility for dairy commodities. It is anticipated that EU dairy prices will more closely align with world prices. World prices are both lower and more volatile than EU prices and it is further assumed that this increased volatility will be transmitted to EU prices. Price volatility is a concern for a number of reasons as it adds challenges for business planning, debt repayment, and, in some cases, solvency. Representative EU and world butter and SMP (Skim Milk Powder) prices are considered and using the ARMA and GARCH framework their volatility is quantified.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/58106	
Relação: 	European Association of Agricultural Economists&gt;113th Seminar, September 3-6, 2009, Chania, Crete, Greece	
Formato: 	16